Why did the monetary base increase rapidly during the economic crisis of 2008?
a. The Fed purchased more assets and extended more loans.
b. The Fed sold financial assets and extended fewer loans.
c. The Fed purchased more assets, but extended fewer loans.
d. The Fed sold financial assets, but extended more loans.
A
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Which of the following is inconsistent with Robert Nozick's view of fairness as expressed in his book Anarchy, State, and Utopia?
A) Everything that is valuable must be owned by individuals and that the state must ensure that theft is prevented. B) The only legitimate way a person can acquire property is to buy it. C) The requirement that all people should have equal outcomes. D) None of the above answers is correct because all the answers express thoughts consistent with Nozick's view.
Identify whether each of the following topics would be primarily a concern of microeconomics or macroeconomics:
a. The decision by a household to eat in rather than go out for dinner this evening. b. The unemployment rate increased from 4.5% to 4.8%. c. A decision by the Federal Reserve Bank to decrease the supply of money in the economy. d. The general level of prices increased by 5% last year. e. The price of bicycles increased by $30 last year. f. The family restaurant chain closed down after losing much of its customer base to fast-food competitors over the last few years.
What were the top three destinations for U.S. exports of goods and services in 2011 in order of importance?
a. France, Germany, and the United Kingdom b. Japan, China, and South Korea c. Canada, Mexico and China d. China, Japan, and United Kingdom
Government failure means that government intervention fails to move us closer to our economic goals.
Answer the following statement true (T) or false (F)